Punch & Associates Investment Management Trimmed By $3.29 Million Its New Sr Invt Group (SNR) Position; Office Depot Has 0.97 Sentiment

May 13, 2018 - By Pete Kolinski

Office Depot, Inc. (NASDAQ:ODP) Logo

Office Depot Inc (ODP) investors sentiment increased to 0.97 in Q4 2017. It’s up 0.10, from 0.87 in 2017Q3. The ratio improved, as 111 hedge funds opened new and increased positions, while 114 reduced and sold their positions in Office Depot Inc. The hedge funds in our database now own: 486.57 million shares, up from 461.44 million shares in 2017Q3. Also, the number of hedge funds holding Office Depot Inc in top ten positions increased from 1 to 2 for an increase of 1. Sold All: 32 Reduced: 82 Increased: 71 New Position: 40.

Punch & Associates Investment Management Inc decreased New Sr Invt Group Inc (SNR) stake by 54.93% reported in 2017Q4 SEC filing. Punch & Associates Investment Management Inc sold 469,480 shares as New Sr Invt Group Inc (SNR)’s stock rose 3.97%. The Punch & Associates Investment Management Inc holds 385,241 shares with $2.91M value, down from 854,721 last quarter. New Sr Invt Group Inc now has $628.44M valuation. The stock increased 0.53% or $0.04 during the last trading session, reaching $7.65. About 1.07M shares traded or 31.05% up from the average. New Senior Investment Group Inc. (NYSE:SNR) has declined 19.98% since May 13, 2017 and is downtrending. It has underperformed by 31.53% the S&P500.

Aristotle Fund L.P. holds 14.16% of its portfolio in Office Depot, Inc. for 4.31 million shares. Lee Thomas H Partners Lp owns 42.50 million shares or 3.79% of their US portfolio. Moreover, Fairpointe Capital Llc has 2.08% invested in the company for 31.12 million shares. The New York-based Glenhill Advisors Llc has invested 1.83% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 772,414 shares.

Office Depot, Inc., together with its subsidiaries, supplies office services and products in North America. The company has market cap of $1.29 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It has a 6.93 P/E ratio. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

The stock increased 0.87% or $0.02 during the last trading session, reaching $2.32. About 4.56M shares traded. Office Depot, Inc. (ODP) has declined 52.71% since May 13, 2017 and is downtrending. It has underperformed by 64.26% the S&P500.

Ratings analysis reveals 0 of Office Depot’s analysts are positive. Out of 2 Wall Street analysts rating Office Depot, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. ODP was included in 2 notes of analysts from October 28, 2016. The rating was maintained by Telsey Advisory on Friday, October 28 with “Market Perform”. Loop Capital initiated the shares of ODP in report on Tuesday, December 13 with “Hold” rating.

More news for Office Depot, Inc. (NASDAQ:ODP) were recently published by: 247Wallst.com, which released: “Is This the Turnaround Office Depot Has Been Seeking?” on May 09, 2018. Streetinsider.com‘s article titled: “Office Depot (ODP) PT Lowered to $2.60 at Deutsche Bank on 1Q Report; ‘Margins Remain Under Pressure'” and published on May 10, 2018 is yet another important article.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $4,637 activity.

Among 5 analysts covering New Senior Investment (NYSE:SNR), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. New Senior Investment had 9 analyst reports since August 7, 2015 according to SRatingsIntel. Compass Point maintained New Senior Investment Group Inc. (NYSE:SNR) rating on Friday, April 29. Compass Point has “Buy” rating and $14 target. The firm has “Underperform” rating by Bank of America given on Tuesday, September 15. The rating was downgraded by Compass Point to “Hold” on Thursday, August 31. The firm has “Underweight” rating by Morgan Stanley given on Thursday, December 14. The rating was initiated by Stifel Nicolaus with “Hold” on Thursday, September 10. On Friday, November 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Buy” rating by Compass Point given on Friday, August 7. The company was maintained on Friday, November 13 by Canaccord Genuity.

Investors sentiment increased to 1.36 in 2017 Q4. Its up 0.25, from 1.11 in 2017Q3. It improved, as 15 investors sold SNR shares while 41 reduced holdings. 26 funds opened positions while 50 raised stakes. 53.19 million shares or 0.56% more from 52.89 million shares in 2017Q3 were reported. Doheny Asset Mgmt Ca holds 1.44% of its portfolio in New Senior Investment Group Inc. (NYSE:SNR) for 409,700 shares. Susquehanna Intl Grp Limited Liability Partnership owns 110,517 shares. Citadel Advsrs Llc stated it has 0.01% in New Senior Investment Group Inc. (NYSE:SNR). Strs Ohio reported 129,645 shares or 0% of all its holdings. Weiss Asset Mgmt LP holds 0.01% of its portfolio in New Senior Investment Group Inc. (NYSE:SNR) for 14,898 shares. Meeder Asset Management stated it has 9,141 shares. Federated Invsts Pa holds 1,446 shares or 0% of its portfolio. Alliancebernstein LP invested in 0% or 148,121 shares. Amundi Pioneer Asset Mgmt owns 0% invested in New Senior Investment Group Inc. (NYSE:SNR) for 149,677 shares. Van Eck has 0% invested in New Senior Investment Group Inc. (NYSE:SNR) for 6,522 shares. Metropolitan Life Insur invested in 27,132 shares. Css Ltd Il owns 16,836 shares for 0.01% of their portfolio. Robeco Institutional Asset Mgmt Bv, a Netherlands-based fund reported 131,424 shares. Rhumbline Advisers holds 0% or 99,317 shares. The Australia-based Macquarie Ltd has invested 0% in New Senior Investment Group Inc. (NYSE:SNR).

Punch & Associates Investment Management Inc increased Destination Xl Group Inc (NASDAQ:DXLG) stake by 276,849 shares to 1.22 million valued at $2.69 million in 2017Q4. It also upped Stewardship Finl Corp (NASDAQ:SSFN) stake by 35,400 shares and now owns 50,000 shares. Green Brick Partners Inc (NASDAQ:GRBK) was raised too.

More news for New Senior Investment Group Inc. (NYSE:SNR) were recently published by: Seekingalpha.com, which released: “New Senior Investment Group’s (SNR) CEO Susan Givens on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Fool.com‘s article titled: “Why New Senior Investment Group Stock Is Plunging Today” and published on May 10, 2018 is yet another important article.

Office Depot, Inc. (NASDAQ:ODP) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>